Savings bank



May 19, 1925.

M. R. CLEMENTS SAVINGS ABANK Filed July 16, 1923 Cle; ltenis.

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y YY/tnesse l 52V E W7 Patented May 19, 1925.

UNITED STATES MENEFEE R. CLEMENTS, OF SOUTH BEND, INDIANA.y

'SAVINGS BANK.

Application filed July 16,

To ZZ whom it may concern.'

Be it known that I, MENEFEE It. CLEM- iiN'rs, a citizen of the United States, residing at South Bend, in the county of St. Joseph and State of Indiana, have invented a certain new and useful Improvement in Savings Banks, of which the following is a full, clear, concise, and exact description, reference being had to the accompanying drawings, forming a partof this specification.

My invention relates to savings-banks and is concerned with a device which I term a coin actuated clock bank. The underlying idea is the provision of a twenty-four hour clock movement which is kept running from day to day by the regular deposit of coins, mechanism being provided so that insertion of a coin is necessary before winding of clock can be accomplished.

rI`he proposal of my invention is to encourage the habit of regular and systematic saving, and with this in view I utilize the idea of the clock movement which must be wound from day to day and is provided a positive mechanical connection between the clock and entry way to a coin deposit compartment, the arrangement being such that the clock can be wound only by the insertion of a coin of the proper denomination. In this way, in order to keep the clock running, it is necessary for one to deposit a coin of tht` proper denomination regularly, and not only do I provide a useful time-piece, operated in this novel way, but I also provide means for constantly reminding the owner of such a bank whether or not he has made his daily deposit.

It is well known that banking institutions frequently adopt the system of encouraging savings by providing their depositors with banks and small portable devices, for the purpose of depositing coins at various intervals, the banking institution holding the key.

I provide my bank with a lock and key in order that it may effectually play a part in this system of thrift.

A further object of my invention is to provide a device of the character described aboveA which will be of simple construction, attractive in design, and capable of economical manufacture.

In the accompanying drawings forming a part of this specification and in which like 1923. serial No. 651,992.

numerals are employed to designate like parts throughout same- Fig. 1 is a side elevational view of my coin actuated clock bank, a 'portion ofthe casing broken away, so as to clearly reveal the structure.V

Fig. 2 is a plan view looking down on top of my coin actuated clock bank, a portion of the casing broken away so as to clearly reveal the structure.

Fig. 3 isv a front elevational view of the coin actuated clock bank of my invention, showing the dial of the clock movement, and

Fig. 4 is a front elevational view of the wall 16 containing coin tripping aperture 8 and coin slot 9, also clock setting stem aperture 15.

The housing of the device comprises a sheet metal case 14, which is conveniently formed from a metal stamping. lower portion 24 is secured to upper portion in any suitable manner, preferably in such a way as to make it difficult to open the bank without actually having a key tothe A floor on` lock thereto. A swinging portion 25 ispro- I vided; this portion being hinged in a suit-- able manner at 26, upon portion 25, a lock 18 is secured thereto, for which key 12 is provided.

In the front portion of the metal case 14 is mounted an ordinary twenty-four hour clock movement 17, of a small type, Fig. An extended winding stein 11 is provided, upon which cylindrical in a suitable manner. Cylindrical disk is preferably made of brass and is provided disk 10 is securedV with slot 23, slot 23 extending through di- I ameter or center of same from circumference to circ'umference.`

In the rear back portion ofthe metal casing 14 a .bushing 3 is mounted and secured in a suitable manner through aperture provided for same.' Bushing 3 is preferably made ofl brass and provided with an eX- tended flange 27 preferably so that same may be firmly and cheaply securedto case 14. Through bushing 8 passes a small shaft upon which spring 18 of light tension is mounted. An ordinary clock winding key 2, is provided and secured to end of shaft 19, spring 18 being secured in position by means of bushing 3 and winding key 2. Sprincr 18 tends to hold winding key 2 and shafbt 19 in an outward position` from casing 14.

Upon shaft 19 is mounted a metal coin receiver 4, being cylindrical in shape and provided with a slot 22, slot 22 being out in a suitable mannerto receive a coin of certain denomination, preferably a dime.

Extending from thev top wall of case 14 to the lower portion 24 a metal wall is secured and held in a suitable manner. Tall 16, F ig. 4, is provided with aperture 8 and slot Y9, aperture 8 being slightly larger in diameter than the slotted coin receiving cylinder 4,.and slot 9. being slightly wider than slot 22 of coin receiving cylinder`4. lVall 16I is also provided with aperture 15, allowing an opening for setting stem 2O which extends through bank from clock movement 17.

Secured to case 14 by means of a rivet is provided a lightspring 7. preferably oflight. clock spring steel. Spring 7 extends slightly below the extreme upper end of slot 9 of wall 16.

V22 isimoved forward on a horizontal plane passing through aperture 8 and slot 9 in wall 16, pushing spring 7, (which projects slightly over upper end of slot 9) forward and permitting cylindrical portion 4 con- Vtaining coin 6 in slot 22 and winding key 2 in a forward position indicated by dotted lines and-numerals 21-191-61-221 and 41, key 2 being movedfor t-urned in a clockwise direction until coin engages slot 28 of circular disk 101, thus forming connection between winding key 21 and winding mechanism of clock movement 1T. After winding has Vbeen accomplished key 21 is released and returns to original position 2 by spring 19 i which is placed in a state of compression when key 2 and portion 4 aremoved to position 21, 61, and'41. On the return from position 61, 41 andV 21 coin 61 is not permitted to pass back to position 6 owing to interference *of* spring 7` over slot 9, which forces coin 61 from slot 221. Aperture 8 being only slightly longer in diameter than cylindrical portion 4 1 and vcontaining coin 61 will permit only cylindrical portion, to return to position 4, coinY 61 striking sides of aperture 8 and is forced from slot 221.

It will be seen that it is impossible to return coin 61 through aperture 8 and slot 9 of wall 16 no matter atr what angle the coin 61 is 'moved' by clock-wise or counter-clockwise movementl Vof key 21.

Of course it will be obvious that other openings, besides slot 5, may be provided in the savings bank compartment not affecting the winding mechanism and also an aperture for bills.

My invention 'may be made of any size and constructed of any material deemed convenient, economical and suitable for a device of this character, and while I have illustrated and described a form of construction and arrangement of parts found desirable in materializing my invention, I wish to include` in the application for Letters Patent all mechanical equivalents and substitutes that may fairlybe considered to come within the scope and purview of my. invention as defined in the appended claims.

I claim:

1. In a combination, base, a housing mounted thereon, a partition forming a deposit chamber, acoin tripping` aperture and slot contained in same partition, means for locking and-unlocking said deposit chamber, a twenty-four hour clock movement mounted in said housing, an extended winding shaft provided for said clock movement, a cylindrical shaped disk, a slot milled through said disc, said disc being mounted on end of said extended winding shaft, a

bushing mounted in back portion of saidV housing, a small shaft passing therethrough, a slotted cylinder being mounted on inner end of said shaft, a1 spring being placed on outward end of shaft opposite outward end of said bushing, a winding key mounted uponsaid shaft holdingpsaid spring on said shaftA between said bushingA and said winding key, said shaft being free to move in a horizontal plane, always remainingV at rest in an outward position from said clock movement by the compressed state of said spring mounted between said key and bushing on said shaft.

2. In a combination, a base, a housing mountedl thereon, a partition forming ay deposit chamber, said partition or wall contures, `allowing said slotted cylindrical portion to pass through said apertureto former position, minus said coin which drops into deposit chamber.

lIn witness whereof I have hereunto subscribed my name this 11th day of July, A. D. 1923.

MENEFEE R. CLEMENTS. lVitnesses: l

HARRY E. Dir/NNY, VJ. GANwnRT. 

